Established in 2019 as a strategic partnership between ADNOC and OCI Global, today Fertiglobe operates four production facilities across the U.A.E., Egypt, and Algeria, with an annual production capacity of 5.1 million metric tons of urea and 1.6 million metric tons of merchant ammonia, making it the largest producer of nitrogen fertilizers in the MENA region. In December 2023, ADNOC and OCI entered into a binding agreement for ADNOC to purchase OCI’s entire 50% stake in Fertiglobe for $3.62 billion, increasing ADNOC's shareholding to 86.2%.